SUPERVALU Completes Acquisition of Unified Grocers

June 23, 2017 06:25 PM Eastern Daylight Time

MINNEAPOLIS--(BUSINESS WIRE)--SUPERVALU INC. (NYSE: SVU) today announced it has completed the
previously announced acquisition of Unified Grocers, Inc. in a
transaction valued at $390 million, comprised of $114 million in cash to
Unified Grocers’ shareholders for 100 percent of the outstanding stock
of Unified Grocers plus the assumption and pay-off at closing of Unified
Grocers’ net debt of approximately $276 million.

“The completion of this transaction is a significant step forward for
SUPERVALU and the growth of our wholesale business,” said Mark Gross,
SUPERVALU’s President and Chief Executive Officer. “Our teams are fully
engaged in the important work of integrating these two great
organizations with a continued focus on delivering for our customers and
stockholders. We’re excited about working with the many talented
associates to supply and serve our expanded and highly diverse customer
base.”

About SUPERVALU INC.(The
following information on sales, store counts and employees is as of
SUPERVALU’s last fiscal year end and does not include Unified Grocers)

SUPERVALU INC. is one of the largest grocery wholesalers and retailers
in the U.S. with annual sales of approximately $12 billion in fiscal
2017. SUPERVALU serves customers across the United States through a
network of 2,363 stores including 1,902 stores operated by wholesale
customers serviced primarily by the Company’s food distribution business
and 217 traditional retail grocery stores operated under five retail
banners in six geographic regions (store counts as of February 25,
2017). Headquartered in Minnesota, SUPERVALU has approximately 29,000
employees.

Founded in 1922, Unified Grocers is a wholesale grocery distributor that
supplies independent retailers throughout the western United States.
Unified and its subsidiaries offer independent retailers all the
resources they need to compete in the supermarket industry.